About this challenge

With this challenge I want to make $30.000 by December 1st 2020. I will start with starting investment of $50 and then I will add extra $50 each month (after 42 months, I will invest total of $2100)

It would be perfect if you can invest $2100 from the start, but most people are struggling with Money and with this challenge I will put myself into a position of a guy, who has small salary of $500 per month. This is a great challenge for me and I was thinking a lot about this. Not only, that I will need to be successful in sports betting, but also I will need little bit help from cryptocurrency market. Don’t stop reading, because I will explain everything…

10% Saving Rule

The 10 percent savings rule says you should save or invest about 10% of your income. Most people will basically throw away 10% of their incomes and with little bit more discipline, no one will miss that 10%. A lot of people spend up to $100 per month on smoking and alcohol or some other unnecessary things. I believe, that with little bit discipline everything is possible. And even if 10% is too much, you should invest at least 5% for your future and retirement.

In this challenge I put myself in a position of a guy, who has salary of $500 per month. I will invest $50 every month on my bookmakers, that accept and work as a bitcoin bookmakers. At the same time, I will try to make a profit.

Motivation and idea

I am a huge fan of cryptocurrencies, bitcoins and blockchain technology. I believe, that this is the future of gambling and sports betting industry. If you invested in bitcoins in 2010 $100, you would have now around $73 million.

But of course, we didn’t invest then, but still better late, than never. And based on current projections, there is still a lot of room for bitcoins.

There are two great articles about this, which gave me a lot of motivation for this challenge:

Their predictions:

If 5% of the world’s GDP in 2020 is housed on the prevailing blockchains, then the value of crypto will be ~$4.55 trillion.

In 2020, there will be ~18,375,000 BTC in circulation. $1,137,500,000,000 divided by 18,375,000 = $61,900 per coin, ~+2,200% from today.

BTC would be worth $81,742 ~+2,900% from today.

Crypto will be 4 trillions US$ by 2020

If those predictions are somehow correct, then the cryptocurrencies and bitcoins will raise. I agree with this and if you buy some bitcoins today, I strongly believe, that your investment will be bigger in 2020.

Bet with bitcoins

I will buy bitcoins and I believe, that they will raise by 2020, but I will not store them into my bitcoin wallet, but I will have them on bitcoin bookmakers and I will bet with bitcoins.

If I make money by betting on sports and if at the same time bitcoins will raise my investment will be even bigger.

Realistic goal: How did I come to the number of $30,000?

One BTC (bitcoin) right now is around $2500 and those projections above says, that bitcoin could be worth from $60,000 to $80,000 by 2020.

For my calculation and my goal I will take, that bitcoin will be worth not $80,000, not even $60,000, but $40,000. So I took more pessimistic prediction, than those guys.

Because I put myself into a position of a guy with small salary of $500 per month, I decided, that I will invest $50, which is 10% from my salary. Today I will get around 0.019444 BTC, if the BTC is $2500 today. So, the next month I will buy bitcoins for $50 again and then next month again and again. And I will put those bitcoins on my bookmakers account. With bigger bankroll I will bet more and more.

The first problem is that if the bitcoins will raise I will get less and less bitcoins every next month. Right? I also don’t know how BTC will raise. I am not an expert on this field and I don’t know if this is linear function or some other function. I will just predict for my challenge, that the bitcoins will raise proportionally next 42 months up to $30,000.

Month

Date

Adding

Total added $

BTC Worth

Bankroll yield +5% (BTC)

Projected Money ($)

1

1/7/2017

50

50

2500

0.02

50

2

1/8/2017

50

100

3414.634146

0.03564285714

121.7073171

3

1/9/2017

50

150

4329.268293

0.04897429577

212.0228659

4

1/10/2017

50

200

5243.902439

0.06095789428

319.6572505

5

1/11/2017

50

250

6158.536585

0.07212460088

444.1819932

6

1/12/2017

50

300

7073.170732

0.08279979644

585.6570968

7

1/1/2018

50

350

7987.804878

0.09319932825

744.4580488

8

1/2/2018

50

400

8902.439024

0.103475733

921.1864037

9

1/3/2018

50

450

9817.073171

0.1137426874

1116.620285

10

1/4/2018

50

500

10731.70732

0.1240889126

1331.685892

11

1/5/2018

50

550

11646.34146

0.134586552

1567.440941

12

1/6/2018

50

600

12560.97561

0.1452964621

1825.065317

13

1/7/2018

50

650

13475.60976

0.1562716925

2105.856344

14

1/8/2018

50

700

14390.2439

0.1675598534

2411.227158

15

1/9/2018

50

750

15304.87805

0.1792047783

2742.707278

16

1/10/2018

50

800

16219.5122

0.191247724

3101.944791

17

1/11/2018

50

850

17134.14634

0.2037282596

3490.709815

18

1/12/2018

50

900

18048.78049

0.2166849429

3910.898969

19

1/1/2019

50

950

18963.41463

0.230155846

4364.540738

20

1/2/2019

50

1000

19878.04878

0.2441789757

4853.80159

21

1/3/2019

50

1050

20792.68293

0.2587926166

5380.99282

22

1/4/2019

50

1100

21707.31707

0.2740356182

5948.578054

23

1/5/2019

50

1150

22621.95122

0.2899476417

6559.181407

24

1/6/2019

50

1200

23536.58537

0.3065693761

7215.596291

25

1/7/2019

50

1250

24451.21951

0.3239427327

7920.794867

26

1/8/2019

50

1300

25365.85366

0.3421110232

8677.938149

27

1/9/2019

50

1350

26280.4878

0.3611191265

9490.386801

28

1/10/2019

50

1400

27195.12195

0.3810136479

10361.71262

29

1/11/2019

50

1450

28109.7561

0.4018430722

11295.71075

30

1/12/2019

50

1500

29024.39024

0.4236579148

12296.41265

31

1/1/2020

50

1550

29939.02439

0.4465108717

13368.09988

32

1/2/2020

50

1600

30853.65854

0.4704569686

14515.31867

33

1/3/2020

50

1650

31768.29268

0.4955537134

15742.89541

34

1/4/2020

50

1700

32682.92683

0.5218612498

17055.95304

35

1/5/2020

50

1750

33597.56098

0.5494425156

18459.92842

36

1/6/2020

50

1800

34512.19512

0.5783634046

19960.59067

37

1/7/2020

50

1850

35426.82927

0.6086929346

21564.06067

38

1/8/2020

50

1900

36341.46341

0.6405034202

23276.83161

39

1/9/2020

50

1950

37256.09756

0.6738706534

25105.79081

40

1/10/2020

50

2000

38170.73171

0.7088740902

27058.24271

41

1/11/2020

50

2050

39085.36585

0.7455970459

29141.93332

42

1/12/2020

50

2100

40000

0.7841268982

31365.07593

First column (Month): My challenge will be 42 months long.

Second column (Date): This is the date, when I will add new BTC (in value of $50 that day) on my bookmakers account

Third column (Total added $): This is how much money I spent on this investment. In 42 months I will invest total of $2100 from “my” income (10%).

Fourth column (BTC worth): Value of 1 BTC on that day. I just projected that the bitcoin raise will be linear function, because I simply don’t know the real function, but for this challenge I make a simple prediction and then I will adjust it and compare with this.

Fifth column (Bankroll +5% yield (BTC)): This is the projections if I buy BTC for $50 every month and if I bet successfully with the yield of 5% and I will try to raise bankroll in avg for +5% per month, +60% per year (note that ROI and yield is not the same thing). Of course sports betting is also not a linear function, but I took it as an linear and I took as an average of 5% yield every month. The calculation for this = Bankroll from previous month + ($50/BTC worth this month))*1.05. This basically mean, that I raise bankroll for 5% every month because of betting and at the same time will I add new BTC worth of $50 that day.

Sixth column Projected Money: How should I have in $.

Why +5%?

In 2017 I made 801 picks so far with the yield of 6.23%. That means basically, that every time when I bet, I expect, that my investment will raise for 6.23%. In other words, if I make every day two $100 bets, that would be 60 bets in one month. I would risk total (or roll over if you like) 60 bets*$100=$6000. 6.23% of yield would give me +$373.8 of profit. If my bet of $100 is 2% of my bankroll, then I would need to have $5000 to start. And this is would raise my bankroll for +7.48% in average every month.

My goal will be to raise bankroll for 5% in average per month. I will try to make around 60 bets per month, where I will bet 2% of my current bankroll. So if we take 50 units and one bet is 1 unit, that would be 60 units risked. With 5% of yield, this is a 3 units of profit. 3 units divided by 60 is 0.05 = 5%.

Of course those are just blind predictions and I just took 5% of yield because this is something that I already reached in the past and this is realistic goal, that I can reach it.

Which bookmakers will I use?

Before we go trough the sites and tools, that I use and trust, an important disclosure:

Some of the links below are affiliate links, which means that if you choose to create an account and bet there, I can earn a commission. This commission comes at no additional cost to you. Please understand that I selected those betting sites very carefully. I have personal experience with all of these companies and I recommend them because they are helpful and useful, not because of the small commissions I make if you decide to bet there. Please do not open accounts on these bookmakers unless you feel you need them or that they will help you achieve your goals.

If you’ve purchased from my links before, thank you very much! I greatly appreciate your support!

NITROGENSPORTS offer all sports and all leagues. It is must have bookmaker, because some leagues will be offered only by this bookmaker (for example NORWAY basketball league)

have the best odds on most basketball leagues and a lot of bets are played on those two bookmakers. I will take the best possible odds and in some cases, it can happen, that I will play the same bet on both.

BITCOINRUSH have the best odds on US sports. Most of mu NHL, MLB, NBA, NFL or any other US sports games will be played on Bitcoinrush.

How to follow my progress?

First of all I want to say, that I do this for myself. Underdogchance.com is not a gambling site of any kind. I am here to provide information about sports betting for entertainment purposes only. By visiting this page you confirm that you understand that it is possible to lose some or all money used when betting on sports or doing any gambling. You cannot hold Underdogchance.com responsible for any such loses. You can follow me or not, it is up to you. For me this is a challenge, that I can afford and I will do my best to reach this goal.

So, if you want to follow here are the steps and instructions how to follow my picks:

You need BTC (bitcoins). You can buy them on kraken.com or any other site.

Open account on 4 bookmakers sites, because we will need them and have funds there to bet.

My bets will be released only in my FB group. I will also select couple of picks from active members, where you can suggest me what to bet, so we can do this together. Every quality betting advice is welcome. Just stick with the events, that are offered on those bookmakers and the odds must be bigger than 1.50 (-200).

Not familiar with bitcoins?

Bitcoin is a digital currency which is more and more popular. What you need to know is how to:

Good Luck!

I love sports betting and I also see big opportunity in cryptocurrency world. In this challenge I will combine those two things. Will I achieve this goal? I believe I can, I believe it is possible, I will also do my best, so let’s see! I simplified some things and I took a linear chart for bitcoins and my betting performance, which is not possible of course. But I still think, that I set realistic goal and with some help of cryptocurrency market, I believe I can reach this goal.